tamtagon wrote:I guess we've seen this emerge for some time now, but can it be said that 'logistics' is to Dallas as oil is to Houston?
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Very compelling.
Payback from China and other countries to Trump's trade actions now covers billions of dollars' worth of Texas exports, according to data collected by the U.S. Census Bureau. That hit, focused on the ag and energy industries, appears to be greater than what's being felt in any other U.S. state.
Texas has likewise borne the brunt of Trump's steel and aluminum tariffs. The state would also feel a keen impact if the U.S. ends up imposing levies on imported cars or if China follows through on a pledge to slap duties on crude oil, petrochemicals and other Texas stalwarts.
No corner of the Texas economy is likely to go untouched.
...Many Texas farmers are trying to stay optimistic, especially since Trump has promised to protect a community he talks about with near-reverence.
..."There are limitations to what China will be able to do, in part because China has a lot more to lose," said Scott Paul, president of the Alliance for American Manufacturing and a supporter of Trump's trade approach.
Cord1936 wrote:* It’s been so long since Houston scored a major league win in the corporate relocation game, it’s hard to hold hope that economic development can do anything substantive about Houston’s vacancy problem.
Matt777 wrote:Wow, our real estate is among the most valuable in the nation, and we have one of the highest property tax percentages in the country, but our city still can't pay for police, keep roads in decent condition, beautify, build parks, upkeep schools, really nothing. We need a military coup at city hall.
Tnexster wrote:Matt777 wrote:Wow, our real estate is among the most valuable in the nation, and we have one of the highest property tax percentages in the country, but our city still can't pay for police, keep roads in decent condition, beautify, build parks, upkeep schools, really nothing. We need a military coup at city hall.
That's not a unique situation.
Matt777 wrote:Wow, our real estate is among the most valuable in the nation, and we have one of the highest property tax percentages in the country, but our city still can't pay for police, keep roads in decent condition, beautify, build parks, upkeep schools, really nothing. We need a military coup at city hall.
DPatel304 wrote:Cord1936 wrote:* It’s been so long since Houston scored a major league win in the corporate relocation game, it’s hard to hold hope that economic development can do anything substantive about Houston’s vacancy problem.
Is this referring to the entire Metropolitan area, or just Houston proper? I'm not as familiar with Houston, so I wasn't sure if they had something similar to Plano that was getting a lot of relocations.
Cord1936 wrote:^^^^^^^
No shortage of optimism is putting it mildly. Here is a glimpse of what is about to unfold in Houston concerning ever greater office vacancy problems:
Houston Landlords, Brace Yourself: 43 Full Floors of Sublease Office Space Coming Back in the Next 12 Months, Colliers Says
Realty Report News, Houston, TX, Aug. 6, 2018
HOUSTON – (Realty News Report) – Forty-three full floors of sublease office space will be returned to Houston building owners within the next 12 months as the term of the leases expire, according to a new report by Colliers International.
Overall, Houston has 288 full floors of sublease space, with over half of that with five years or more of term remaining, Colliers reported.
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The Energy Corridor area, Downtown and Westchase have the largest concentrations of sublease space.
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Article: http://realtynewsreport.com/2018/08/06/houston-landlords-brace-yourself-43-full-floors-of-sublease-office-space-coming-back-in-the-next-12-months-colliers-says/
North Texas is embracing tech and getting more upbeat about its future.
A survey released Wednesday says Dallas-area residents are increasingly optimistic about the area growing as a tech hub, according to a new Capital One Future Edge DFW report. Nearly two-thirds of respondents believe that major tech companies will increase their presence in the region in the next decade. That’s a 30 percent increase from a similar study conducted by Capital One (NYSE: COF) two years ago.
DPatel304 wrote:Aren't we already a pretty good 'tech hub'. Austin gets the nod all the time for its tech jobs, but I'm pretty sure I heard there are quite a few more tech jobs here in DFW. The difference is, is that we just don't have the reputation for being one. I guess maybe that's partly because our tech jobs aren't as 'sexy', or that DFW is way more diverse when it comes to jobs so, not only do we excel at tech, but we excel at many other industries as well.
muncien wrote:https://www.bloomberg.com/news/articles/2018-11-21/opec-s-worst-nightmare-the-permian-is-about-to-pump-a-lot-more
The shale players learned a valuable lesson last time. The game is different now, and they are prepared to not only weather the conditions, but actually thrive on them. It's the middle east and Russia who have to worry. But, I assume China will keep them employed for some time.
OPEC helped create the monster that haunts its sleep. After it flooded the market in 2014, oil prices crashed, forcing surviving U.S. shale producers to get leaner so they could thrive even with lower oil prices. As prices recovered, so did drilling.
DPatel304 wrote:I had heard that (at the height of the boom) DFW was adding ~300-400 residents a day, I just wasn't sure how consistent that number was.
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